Daily Markets Briefing: STI down 0.18%

Don't expect gains today.

The Straits Times Index (STI) ended 5.9 points or 0.18% lower at 3322.7, taking the year-to-date performance to -2.36%.

The top active stocks today were DBS, which declined 0.30%, SIA, which declined 5.37%, CH Offshore, which gained 0.77%, Singtel, which declined 0.31% and Venture, with a 2.26% fall.

The FTSE ST Mid Cap Index declined 0.25%, while the FTSE ST Small Cap Index declined 0.24%.

According to OCBC Investment Research, US stocks closed lower following disappointing results from Twitter Inc. and bellwethers, including Exxon and Intel. The highly-anticipated release of gross domestic product data also showed that economic growth remains relatively strong but came in a shade below lofty expectations.

Eight out of eleven S&P 500 industries ended lower, led by Information Technology (-1.99%) and Real Estate (-0.93%) while Telecommunication Services (1.94%) and Financials (0.24%) led the gains. The index was up 0.61% for the week.

"We expect the local bourse to tread cautiously today, following the weakness on Wall Street Friday," OCBC Investment Research said.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia